Investments in Unconsolidated Affiliates (Tables)

9 Months Ended

Feb. 29, 2020

Equity Method Investments And Joint Ventures [Abstract]

Financial Information

The following tables summarize combined financial information for our unconsolidated affiliates as of the dates, and for the periods presented:  

	February 29,		May 31,
(in thousands)	2020		2019
Cash	$	33,002	$	37,471
Other current assets		611,784		594,959
Current assets for discontinued operations		-		35,793
Noncurrent assets		379,984		360,925
Total assets	$	1,024,770	$	1,029,148
Current liabilities	$	163,758	$	236,781
Current liabilities for discontinued operations		-		9,610
Short-term borrowings		3,437		15,162
Current maturities of long-term debt		2,374		33,003
Long-term debt		352,827		321,791
Other noncurrent liabilities		47,107		18,192
Equity		455,267		394,609
Total liabilities and equity	$	1,024,770	$	1,029,148

	Three Months Ended					Nine Months Ended
(in thousands)	February 29, 2020			February 28, 2019		February 29, 2020		February 28, 2019
Net sales	$	477,494		$	440,186	$	1,400,987	$	1,385,399
Gross margin		100,070			74,783		293,601		247,852
Operating income		52,429			45,387		181,067		158,475
Depreciation and amortization		8,482			6,138		23,109		19,368
Interest expense		3,667			3,529		10,173		9,836
Income tax expense (benefit)		(614	)		1,001		1,239		8,433
Net earnings from continuing operations		54,806			40,196		169,430		141,613
Net earnings from discontinued operations		-			1,001		49,770		4,713
Net earnings		54,806			41,197		219,200		146,326